Ottawa | Traditional, unceded territory of the Algonquin Anishinaabeg People – Today’s update from the Parliamentary Budget Office (PBO) is the latest official report to determine that the Trans Mountain Pipeline has become a financially dangerous boondoggle.
The government has often justified the pipeline by promising that its eventual profits will fund clean energy projects; this is flimsy logic given the disastrous climate and environmental impacts of the project. The PBO update shows this argument doesn’t hold water: there will be no profits, only financial losses for Canadians and more carbon emissions for the planet.
As the costs of the project keep ballooning, the government should cut its losses and cancel construction of the expansion pipeline – before even more of our dollars are wasted; public dollars that could be instead invested in developing sustainable energy systems.
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